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2 years ago

In a command economy, the government does not decide where a person works True or false

1 answer:

3 0

A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale. It also determines investments and incomes. The command economy is a key feature of any communist society. Cuba, North Korea and the former Soviet Union are examples of countries that have command economies, while China maintained a command economy for decades before transitioning to a mixed economy that features both communistic and capitalistic elements .

False

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Classify each of the following based on the macroeconomic definitions of saving and investment:1. Saving Investment Kyoko borrow

r-ruslan [8.4K]

Answer

The classification is shown below:

Explanation:

The saving refers to the amount i.e above its consumption expenditure let us take an example if an individual salary is $100,000 and its expenditure assumes $50,000 then it saves $50,000 so the $50,000 is the savings. While the investment is the amount that is spent to buy some assets in terms of building, machinery, home, etc.

So the classification is presented below:

a. Kyoko borrows money to build a new lab for her engineering firm. = Investment

b. Rina purchases stock in Nano Speck, a biotech firm. = saving

c. Musashi takes out a mortgage for a new home in Detroit. = investment

d.Jacques purchases a corporate bond issued by a car company. = saving

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2 years ago

American Inc. had gross sales of $925,000. Cost of goods sold and selling expenses were $490,00 and $220, 000 respectively Ameri

drek231 [11]

Answer:

a. Particulars Amount

Gross sales $925,000

Less: COGS $490,000

EBITDA $435,000

Less: Depreciation $120,000

EBIT $315,000

Less: Interest on notes payable $8,800 (220000*4%)

EBT $306,200

Less: Tax (35%*306200) $107,170

Net Income $199,030

b. Operating cash flow = Net income + Depreciation

Operating cash flow = $199,030 + $120,000

Operating cash flow = $319,030

6 0

2 years ago

Assume the economy is operating at full employment. If the economy enters a sudden economic expansion, the quantity of money ava

eduard

Answer:

the qquantity of money available in the economy will increase because there will be more foreign investments plus now the economy will start exporting and will reduce its imports so the quantity of money will increase.

3 0

2 years ago

Read 2 more answers

How does columbus describe the role and rights of women in native american cultures?

OleMash [197]

Women in native American communities are held at a high regard, are well respected, and have the rights and liberties of men in certain situations. When married, the husband joined the woman's family as the family line was always traced through the women of the family. If a woman decided that she wanted a divorce from her husband, her decision was easily made when she put her husband out of the house to leave.

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2 years ago

How could government – sponsored grants for the private development of new technologies result in a lower national debt?

Svet_ta [14]

Answer: Making initial development private saves the government from funding all of the research.

Explanation:

A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.

Government award grants for the development of technologies, community projects, home insulation etc.

With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.

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2 years ago